Zingy Capital: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Zingy Capital
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.5m
2024 · -€1.2m+€7.7m
Equity
€87.6m
2024 · €81.1m+€6.5m
Cash
€2.2m
2024 · €1.3m+€837,763
Balance sheet total
€87.7m
2024 · €81.6m+€6.1m
Largest movements
Assets
- Current investments +€4.7m
up €4.7m (+6.0%), from €77.9m to €82.5m
Equity and liabilities
- Profit (loss) carried forward +€6.5m
up €6.5m (+9.0%), from €71.9m to €78.4m
Income statement
- Financial income +€4.5m
up €4.5m (+156.5%), from €2.9m to €7.4m
- Financial charges -€2.9m
down €2.9m (-95.8%), from €3.1m to €128,162
- Other operating charges -€143,395
down €143,395 (-79.5%), from €180,450 to €37,054
- Gross operating margin +€118,435
up €118,435 (+29.9%), from -€396,314 to -€277,878
- Taxes -€46,209
down €46,209 (-11.5%), from €400,251 to €354,042
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€1.2m
Gross operating margin
+€118,435
Depreciation
-€6,316
Other operating charges
+€143,395
Financial income
+€4.5m
Financial charges
+€2.9m
Taxes
+€46,209
Result 2025
€6.5m
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€5.8m
Investment
-€4.9m
Financing
€0
Cash 2024
€1.3m
From operations (derived)
+€5.8m
Net result for the year
+€6.5m
Depreciation
+€78,893
Receivables within one year
-€386,660
Smaller working-capital items
-€8,563
Tax, wage and social debts
-€473,493
Other debts
+€47,058
Investment (derived)
-€4.9m
Investment in fixed assets (net)
-€254,824
Current investments
-€4.7m
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,604,005 | €87,664,424 | +€6.1m | +7.4% |
| Fixed assets | 21/28 | €2,235,660 | €2,411,592 | +€175,932 | +7.9% |
| Tangible fixed assets | 22/27 | €2,235,660 | €2,411,592 | +€175,932 | +7.9% |
| Land and buildings | 22 | €2,234,522 | €2,410,877 | +€176,355 | +7.9% |
| Furniture and vehicles | 24 | €1,138 | €715 | -€423 | -37.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €79,368,345 | €85,252,832 | +€5.9m | +7.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €171,894 | €558,554 | +€386,660 | +224.9% |
| Trade receivables | 40 | €18 | €0 | -€18 | -100.0% |
| Other amounts receivable | 41 | €171,876 | €558,554 | +€386,678 | +225.0% |
| Current investments | 50/53 | €77,859,038 | €82,518,714 | +€4.7m | +6.0% |
| Cash at bank and in hand | 54/58 | €1,336,081 | €2,173,844 | +€837,763 | +62.7% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,721 | +€389 | +29.2% |
| Total equity and liabilities | 10/49 | €81,604,005 | €87,664,424 | +€6.1m | +7.4% |
| Equity | 10/15 | €81,064,342 | €87,559,370 | +€6.5m | +8.0% |
| Contributions | 10/11 | €67,243 | €67,243 | = | 0.0% |
| Capital | 10 | €67,243 | €67,243 | = | 0.0% |
| Issued capital | 100 | €67,243 | €67,243 | = | 0.0% |
| Reserves | 13 | €9,051,609 | €9,051,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350,782 | €350,782 | = | 0.0% |
| Legal reserve | 130 | €350,782 | €350,782 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,751,172 | €2,132,162 | -€619,010 | -22.5% |
| Distributable reserves | 133 | €5,949,654 | €6,568,665 | +€619,010 | +10.4% |
| Profit (loss) carried forward | 14 | €71,945,490 | €78,440,517 | +€6.5m | +9.0% |
| Amounts payable | 17/49 | €539,663 | €105,054 | -€434,609 | -80.5% |
| Amounts payable within one year | 42/48 | €532,427 | €97,792 | -€434,635 | -81.6% |
| Trade debts | 44 | €46,248 | €38,049 | -€8,199 | -17.7% |
| Suppliers | 440/4 | €46,248 | €38,049 | -€8,199 | -17.7% |
| Taxes, remuneration and social security | 45 | €485,977 | €12,484 | -€473,493 | -97.4% |
| Taxes | 450/3 | €485,977 | €3,052 | -€482,924 | -99.4% |
| Remuneration and social security | 454/9 | - | €9,431 | +€9,431 | |
| Other amounts payable | 47/48 | €202 | €47,260 | +€47,058 | +23334.1% |
| Accrued charges and deferred income | 492/3 | €7,236 | €7,262 | +€26 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,576 | €78,893 | +€6,316 | +8.7% |
| Other operating charges | 640/8 | €180,450 | €37,054 | -€143,395 | -79.5% |
| Gross operating margin | 9900 | -€396,314 | -€277,878 | +€118,435 | +29.9% |
| Operating profit (loss) | 9901 | -€649,339 | -€393,825 | +€255,514 | +39.3% |
| Financial income | 75/76B | €2,873,408 | €7,371,057 | +€4.5m | +156.5% |
| Recurring financial income | 75 | €2,873,408 | €7,371,057 | +€4.5m | +156.5% |
| Financial charges | 65/66B | €3,073,529 | €128,162 | -€2.9m | -95.8% |
| Recurring financial charges | 65 | €3,073,529 | €128,162 | -€2.9m | -95.8% |
| Profit (loss) for the period before taxes | 9903 | -€849,460 | €6,849,070 | +€7.7m | |
| Income taxes | 67/77 | €400,251 | €354,042 | -€46,209 | -11.5% |
| Profit (loss) for the period | 9904 | -€1,249,711 | €6,495,027 | +€7.7m | |
| Transfer from tax-exempt reserves | 789 | €1,999,750 | €619,010 | -€1.4m | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €750,039 | €7,114,038 | +€6.4m | +848.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.